Welcome to our comprehensive guide on how to fill out Form IT-203: Nonresident and Part-Year Resident Income Tax Return. This form is used by individuals who are nonresidents or part-year residents of New York State and need to report their income for the tax year 2022. Whether you're a nonresident or a part-year resident, this guide will provide you with step-by-step instructions on how to complete the form accurately.
Section 1: Personal Information
In this section, you will provide your personal information, including your name, date of birth, and mailing address. If you are filing a joint return, make sure to enter your spouse's name and date of birth as well. It's important to double-check the accuracy of the information you provide to avoid any delays or errors in processing your return.
Section 2: Filing Status
In this section, you will indicate your filing status by marking an X in the appropriate box. The filing status options include:
- Married filing joint return
- Married filing separate return
- Head of household (with qualifying person)
Choose the filing status that applies to your situation and mark the corresponding box. If you are unsure about which filing status to choose, consult the instructions provided with the form or seek professional tax advice.
Section 3: Nonresident and Part-Year Resident Information
This section is specifically for nonresident and part-year resident taxpayers. If you are a nonresident or part-year resident of Yonkers, there are additional questions that you need to answer. Make sure to read the instructions carefully and provide the required information accurately.
Section 4: Dependent Information
If you have dependents, you will need to provide their information in this section. Enter the first name, middle initial, last name, relationship, Social Security number, and date of birth for each dependent. If you have more than six dependents, mark an X in the box provided.
Section 5: Federal Income and Adjustments
In this section, you will report your federal income and adjustments. This includes various types of income such as wages, salaries, tips, taxable interest income, dividends, alimony received, business income or loss, capital gains or losses, rental real estate income, and more. You will also report any federal adjustments to income that you may have.
Section 6: New York Additions and Subtractions
In this section, you will report any additions and subtractions to your New York State income. Additions may include interest income on state and local bonds, public employee retirement contributions, and other specific items. Subtractions may include taxable refunds, credits, or offsets of state and local income taxes, pensions of NYS and local governments, and other specific items.
Section 7: Standard Deduction or Itemized Deduction
In this section, you will enter either your standard deduction or your itemized deduction. Mark an X in the appropriate box to indicate which deduction you are claiming. If you choose to itemize your deductions, you will need to complete Form IT-196 and attach it to your tax return.
Section 8: New York Taxable Income
In this section, you will calculate your New York taxable income by subtracting your deductions from your New York adjusted gross income. This will give you the amount of income that is subject to New York State tax.
Section 9: Tax Computation, Credits, and Other Taxes
In this section, you will calculate your New York State tax based on your New York taxable income. You will also calculate any applicable credits, such as the New York State household credit and the New York State child and dependent care credit. Subtracting these credits from your New York State tax will give you the total New York State taxes owed.
Section 10: New York City and Yonkers Taxes, Credits, and Surcharges
If you are a part-year resident of New York City or Yonkers, you will need to complete this section to calculate your New York City and Yonkers taxes, credits, and surcharges. Follow the instructions provided to determine the amounts owed or credits available.
Section 11: Payments and Refundable Credits
In this section, you will report any payments you have made throughout the year, such as New York State tax withheld, New York City tax withheld, Yonkers tax withheld, and estimated tax payments. You will also report any refundable credits you may be eligible for.
Section 12: Your Refund, Amount You Owe, and Account Information
In this section, you will calculate your refund or the amount you owe based on the information provided in previous sections. If you are due a refund, you can choose to have it directly deposited into your checking or savings account by providing your account information. If you owe taxes, you can choose to pay by electronic funds withdrawal or by check or money order.
Section 13: Signatures
In this section, you and your spouse (if applicable) will need to sign and date the tax return. By signing the return, you are certifying that the information provided is true and accurate to the best of your knowledge.
Filling out Form IT-203 may seem daunting at first, but by following these step-by-step instructions, you can accurately complete your nonresident or part-year resident income tax return. Remember to review the instructions provided with the form for any additional information or requirements. If you have any questions or need further assistance, consult a tax professional or contact the New York State Department of Taxation and Finance.